EPIC RESEARCH MCX Silver UPDATE OF 14 November 2018

Posted by Commodity Updates by Epic Research on 12:28:00 with No comments

Silver trading range for the day is 36085-36925.

* Silver prices dropped as dollar strength continued to put downward pressure on the precious metal.

* Demand for the dollar was underpinned after the Federal Reserve indicated last week that rates are likely to rise in December and again in early 2019.

* Strong U.S. producer price index data on Friday also served as an endorsement for the Fed to tighten again at the end of year, placing pressure on prices.

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